In what order would the assets of Mertz Company be listed on their statement of financial position?

Question

Quizplus · Accepted Answer

The order in which assets are typically listed on a statement of financial position is in descending order of liquidity. Therefore, cash would come first, followed by trade receivables (which are more liquid than inventory), then inventory, and finally plant and equipment. Choice D follows this order.

In What Order Would the Assets of Mertz Company Be